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ONDO faces supply pressure as $1.4M tokens move to Coinbase, but $1.09M outflows may support price near $0.345.

Market News
10 Aug 2026
AMBCrypto
View Source
Neutral
ONDO faces supply pressure as $1.4M tokens move to Coinbase, but $1.09M outflows may support price near $0.345.

ONDO saw 4.019 million tokens worth about $1.4 million transferred to Coinbase from a team-linked wallet, raising concerns about increased supply on exchanges. However, broader market data shows $1.09 million in net outflows, suggesting withdrawals are balancing or offsetting new supply. The price is currently testing a critical support level at $0.345, aligned with the 0.618 Fibonacci retracement, which could hold and lead to a recovery. A break below this level might push the price down to $0.3224 or lower, increasing volatility due to concentrated liquidation zones nearby.

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